Kuala Lumpur, 16 August- Silentmode Sdn Bhd, the developer of Slurp!, announces that they has recently closed a Series A round of funding amounting to RM 2.5 million.
The funding which comes from Axiata Digital Innovation Fund (ADIF) is managed by Intres Capital Partners Sdn Bhd, a Kuala Lumpur based venture capital firm.
Slurp! is a customizable cloud-based point-of-sale (POS) system currently offered to F&B retail businesses and they are planning to use the funding to accelerate product sales and marketing, grow its current team as well as explore regional markets for potential expansion in 2018.
“We are very thrilled about the funding secured. As we push forward, it is crucial for us to have a strong support system and after getting to know the people running Axiata Digital Innovation Fund (ADIF) and Intres Capital, we are convinced of their capabilities. We are grateful that ADIF and Intres Capital have put their trust in us.” says the Chief Executive Officer and Co-Founder of Slurp!, Reza Razali.
Partner of Intres Capital Partners which led the investment into Slurp!, Kamarul Nizam Kassim says that he believes Slurp!’s focus on providing the preferred POS exclusively for F&B retail business will differentiate them from other players in the market.
“Slurp! is a cloud-based platform which makes it affordable for all restaurants across the spectrum, from your neighborhood café all the way to fine-dining restaurants. Democratization of access to leading-edge technology is pivotal to an inclusive and sustainable economic growth, and Slurp! is leading this sea-change for the F&B vertical,” he adds.
Meanwhile, as part of its growth plan, Slurp! has appointed Shi-Ying, Lau, former Head of GrabCar, Malaysia, as Director of Strategy and Partnership. Shi-Ying brings more than eight years of global experience in consulting and technology to Slurp! 2 With her former track record in building GrabCar, Malaysia, from the ground up until it became a very sizable business, Reza is confident that Shi-Ying will lead the local and regional expansion as well as partnership for Slurp! to the next level.
“As of August 1, 2017 over 500 F&B outlets in various cities in Malaysia have used Slurp! and we have an aggressive aim to at least double that number by end of this year,” Reza announces.